Bitcoin is enduring a multi-front assault on its spot market liquidity as exchange-traded funds, short-term speculators, and cryptocurrency miners simultaneously distribute assets.This coordinated selling pressure has drained market demand at the fastest pace since the 2022 collapse of the Terra/Luna ecosystem.As a result, BTC’s price has tanked 12% over the past week, pushing the top crypto towards the $60,000 level amid heavy hedging activities from market traders. BTC is exchanging hands at $64,036 as of press time, according to CryptoSlate’s data.Yet, this spot-market flush has created a structural paradox that could still catapult BTC’s value.The volume of selling has twisted…
Author: cryphedge
landmark regulatory decision opens access to the most traded category of crypto derivatives — long off-limits to American investorsFor years, American crypto traders watched from the sidelines as their counterparts abroad freely traded perpetual futures — the most popular and liquid instruments in global digital asset markets. That era ended on May 29, 2026, when the U.S. Commodity Futures Trading Commission (CFTC) cleared Coinbase to connect domestic clients to crypto perpetual contracts, marking a watershed moment for the U.S. derivatives industry.What Are Perpetual Contracts — and Why Do They Matter?Before unpacking the regulatory significance, it helps to understand the product…
Elon Musk’s Space Exploration Technologies Corp. is charging toward what could be the most consequential stock market debut in history — and the ripple effects are already being felt across the cryptocurrency market.SpaceX has outlined plans for a record $75 billion stock market debut that would value the company at approximately $1.77 trillion. According to a filing with the U.S. Securities and Exchange Commission, SpaceX plans to sell 555.6 million shares at $135 each. For context, this would make it the largest IPO in capital markets history, exceeding Saudi Aramco’s record $29.4 billion 2019 listing.The IPO is not just a…
$130,000. That is what Chainspin is putting back into players’ hands in tournament prizes every single week, not a one-off launch stunt, but a standing, repeating prize pool. For a platform that has only just opened its doors, it is a statement of intent that most crypto casinos take years to make. And the money is only half the story. Chainspin arrived with a 10,000-strong waiting list already behind it and a first that no rival can claim: it is the first crypto casino to launch its own token, $SPIN, on Base, the Coinbase-built network that has become one of…
Key takeaways XLM extends its loss for a fourth straight day as retail sentiment weakens and futures positioning declines. The token remains under bearish technical pressure, but is holding above its 200-day EMA and showing fading momentum. Stellar’s XLM extends its declines for a fourth consecutive session on Thursday, as selling pressure intensified across the cross-border payments sector. The token continues to struggle with weakening retail sentiment. The broader correction highlights fading enthusiasm for remittance-focused crypto assets, which had previously benefited from narrative-driven rallies tied to institutional adoption and real-world asset tokenization themes. Retail sentiment cools as futures positioning contracts…
Tom Lee-backed BitMine is doubling down on Ethereum. The company has filed plans to raise to $300 million through a new preferred stock offering, with much of the capital expected to fund additional ETH purchases and expand its staking operations. The move comes as BitMine races toward its goal of controlling 5% of Ethereum’s total supply.BitMine Turns to Preferred Shares to Expand ETH TreasuryAccording to a new SEC filing, BitMine plans to offer 3 million shares of its 9.50% Series A Perpetual Preferred Stock, each carrying a stated value of $100. If fully subscribed, the offering would generate approximately $300…
Thomas Lee’s BitMine is turning to the preferred-stock market to raise fresh capital for its Ethereum strategy, offering investors a 9.5% annual payout.On June 3, the company revealed plans to sell 3 million shares of 9.50% Series A perpetual preferred stock with a $100 stated amount, creating a potential $300 million raise.The shares are expected to trade on the New York Stock Exchange under the ticker BMNP if the listing is approved. Moelis & Company and Cantor are serving as joint lead bookrunners.If sold in full, the offering would add about $28.5 million in annual dividend obligations, paid weekly when…
Hyperliquid’s native token, HYPE, dropped below $70 on Thursday after delivering an 80% gain in May. The dip comes amid renewed weakness across the broader cryptocurrency market, where Bitcoin (BTC) slipped below $63,000 and sparked a wave of risk-off sentiment among investors. A key catalyst behind HYPE’s recent surge has been rising institutional participation. Newly launched HYPE-focused exchange-traded funds (ETFs) attracted roughly $135 million in inflows last month, highlighting growing demand from professional investors and helping drive the token into price discovery territory. While momentum remains firmly bullish, analysts caution that the rally has become increasingly stretched, even as long-term…
Catapult Trade has appointed Claire “Cookie” Dang as VP of Growth and Co-Founder. Dang previously held growth and business development roles at Binance, KuCoin, and Crypto.com. The expansion is being funded in part by the KuCoin Ventures investment. Catapult Trade has appointed Claire “Cookie” Dang as VP of Growth and Co-Founder, the latest in a series of moves that have widened the trading platform’s operations following an investment from KuCoin Ventures. Dang held growth and business development roles at Binance, KuCoin, and Crypto.com before joining and will lead community growth and international expansion. Her arrival has come alongside a…
The crypto industry is going through a continuous drop, as shown by the latest 24-hour data. Hence, the cumulative crypto market capitalization has reached $2.24T, indicating a 1.98% dip. However, the 24-hour crypto volume has surged by 7.82%, touching $144.64B. At the same time, the Crypto Fear & Greed Index accounts for 21 points, displaying “Fear” among the market participants. Bitcoin ($BTC) Drops by 2.90%, and Ethereum ($ETH) Sees 1.80% Plunge Specifically, the top crypto asset, Bitcoin ($BTC), is changing hands at $64,435.40. This price accounts for a 2.90% decline, while Bitcoin’s ($BTC) market dominance stands at 57.5%. In addition…
